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Fly News Breaks for August 4, 2016
DDD
Aug 4, 2016 | 09:08 EDT
After 3D Systems reported higher than expected EPS but lower than expected revenue, Pacific Crest analyst Weston Twigg says he's skeptical of the company's strategy of creating a closed 3D printing ecosystem, aprtly because of the company's limited R&D budget and his belief that customers will try to find best-in-class providers in each segment. However, the analyst says that 3D Systems' analyst event next month could provide a positive catalyst for the stock. He keeps a Sector Weight rating on the shares.
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